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UPDATE: Imperial Capital Raises PT to $98 on Allegiant Travel Company on Lower Fuel Prices

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Earnings Scheduled For January 31, 2017
7 Biggest Price Target Changes For Wednesday

Imperial Capital reiterates its Outperform rating on Allegiant Travel Company (NASDAQ: ALGT) and raises its price target from $80 to $98 a share.

Imperial Capital says, "Increasing estimates to reflect lower fuel prices. We are raising our CY12 estimate to $4.48 from $3.73 and our CY13 estimate to $5.52 from $4.60. Fuel prices have decreased 12% in the last 30 days, which has a direct and immediate positive impact on airline earnings."

ALGT closed at $63.90 on Wednesday.

Latest Ratings for ALGT

DateFirmActionFromTo
Jan 2017Stifel NicolausDowngradesBuyHold
Dec 2016BarclaysInitiates Coverage OnUnderweight
Dec 2016Imperial CapitalDowngradesOutperformIn-Line

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